Iran turns to crypto for export payments amid sanctions: FT
15 Articles
15 Articles
Iran Turns to Bitcoin and USDT for Trade as U.S. Sanctions Tighten
Iranian businesses are increasingly using Bitcoin and Tether’s USDT to settle cross-border trade as the country loosens foreign-exchange controls and seeks alternative payment routes outside the global banking system. The Central Bank of Iran has quietly allowed exporters to receive cryptocurrency payments and settle transactions through domestic crypto exchanges, according to Iranian businesses, regime insiders… Continue reading Iran Turns to B…
Tehran plays a risky card to keep its international trade alive: use cryptos to bypass banks blocked by sanctions. The Iranian Central Bank has loosened the controls on currency exchange, opening the door to Bitcoin and Tether for import-export payments, just as US sanctions crypto Iran are making more [...]
Iran Uses Crypto for Export Payments as Sanctions Tighten: FT
Iran’s central bank has reportedly loosened foreign-exchange restrictions and allowed greater use of cryptocurrencies for export payments as businesses look for alternatives to traditional banking channels constrained by U.S. sanctions. Iranian companies can reportedly receive cross-border payments through USDT, Bitcoin and other digital assets, the Financial Times reported on Sept. 9, citing people familiar with […]
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